Chewychipsx4029 Chewychipsx4029

11-04-2018
Business

contestada

What is the future value of $7,189 invested for 23 years at 9.25 percent compounded annually?

Respuesta :

togbadoya togbadoya

13-04-2018

Formula: FV = PV(1+r)^n

FV is the future value, PV is the present value (which is $7189 in our case), r is the interest (9.25%), and n is the number of periods (23)

FV = $7189(1+ 0.0925)^23 = $54999.879

Answer Link

Otras preguntas

The Confederation Congress sold the nation’s western lands to raise national revenue a. as a result of economic concerns voiced during Shays’s Rebellion. b. to

1) Is recycling cans bottles and paper a practice that promotes sustainability?

how much is 1000 quarters

Under the Contract Labor Act manufacturers a. deducted money from workers to pay off passage to America. b. hired union workers for factory jobs. c. paid factor

How many pounds equal a ton?

U.S. Groups of the Late 1700s and Early 1800s Women Children Indentured Servents Native Americans African American Working Class Which statement best summarizes

what is the equivalent expression of (24a + 56b)

1. 92% of what number is 69? 2. 20% of what number is 3.4? 3. 10% of what number is 80? 4. 4% of what number is 25?

Which answer best describes the verb tenses in the sentence? Before she tries the lock, we went to the back door. A. The verb tenses are consistent. B. The v

what is 1quart in fluid ounces?